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ENTERTAINMENT

Everything we know about the announced Disney Plus price increase for 2023

A future price rise was announced in the company’s latest earnings report as streaming sites aim to kill the competition.

Update:
A future price rise was announced in the company’s latest earnings report as streaming sites aim to kill the competition.
YOUSEF SABAREUTER

Disney+ and Hulu are teaming up, or rather the latter is being consumed by Mickey Mouse. The latest earnings report from Disney explained that there would be an app combining both Disney+ and Hulu shows on a single platform.

“While we continue to offer Disney+, Hulu and ESPN+ as standalone options, this is a logical progression of our DTC [direct-to-consumer] offerings that will provide greater opportunities for advertisers, while giving bundle subscribers access to more robust and streamlined content, resulting in greater audience engagement and ultimately leading to a more unified streaming experience,” said Disney CEO Bob Iger in the report.

Users would still need to buy seperate subscriptions however, subscriptions that are set to get more expensive.

Currently subscribers in the US pay either $10.99 a month or $109.99 for a year. This rose from $7.99 a month in December 2022, which also introduced an option for a $7.99 monthly subscription that features adverts.

Disney+ lost four million subscribers in the second three months of 2023 and is struggling to turn a profit. It was revealed in March that there would be cuts in the amount of programmes released by Disney+ with Iger choosing to focus on “quantity over quality.”

7,000 people are set to lose their jobs at the company in the coming months.

What we know about the future Disney+ price rise

At this stage, unfortunately very little.

At present there has been no word on what the price increase will be, nor when it will take place.

The last price rise had a positive effect on the company as the increase offset the millions of subscribers that left the service. The majority of these were based in India after it was announced the company would no longer show Indian Premier League cricket.